09
May
15:17
UAE rebar market is silent, retail prices decline
The United Arab Emirates rebar market has started the week very silent after the long Eid holiday. Mills were pretty active on the first day of the week to take orders. However, they can not take firm bids from the traders and stockists. The new mill rebar offer at AED 2,950/t ($803/t) ex-works, payable LC at sight, does not attract buyers, since they can not supply all diameters. For 90 days of credit, an additional AED 15-25/t is calculated on the sight LC paymen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous